GameStop (GME), the infamous video gaming company that got a new lease of life in 2021, all thanks to Reddit and retail buyers has revealed its NFT plans. As per the report published in Bloomberg, GameStop is planning to go from being famous for its brick-and-mortar store to a fully digital platform. The firm is reportedly in talks with several blockchains and crypto firms to understand the demand in the market.
GameStop plans to set up multiple funds each of up to $100 million that would be invested in Artists, content creators, and game studios. The fact that play-to-earn (P2E) games are currently the biggest craze in the NFT ecosystem, GME can potentially take on the P2E market with its vast gaming experience.
While NFTs first came into existence in 2012 itself, they got the necessary traction in the 2019-20 phase when sports leagues started to use them as fan tokens. However, 2021 turned the market on its head as it got as popular as the Defi market and despite the growing number o
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